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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInFraud Economy: How Current Economic Trends Lead to More Corporate Scams
This is what happens when cash is harder to find — say, after a sustained decline in the stock market or an enormous increase in the cost of borrowing money. First, there is what Bank of America called “corporate misery” as forward-looking numbers come in lower than projected. (That’s already happening.) Then that misery finds […]
US Regulators Set Crypto Enforcement Records in 2022 | Solidus Labs
2022 was a rocky year for cryptocurrency. Prices crashed, Terra collapsed, FTX went bankrupt, and – Solidus research now shows – regulators engaged in more crypto-related enforcement than in any other year in the industry’s history. In 2022, the four main federal regulators with authority over cryptocurrency – the Securities and Exchange Commission (SEC), the […]
SEC Cares About Climate Reporting, Not Behavior, Official Says
The SEC is uninterested in changing how companies address climate change, except when it comes to their disclosures, a senior agency official said Tuesday. The Securities and Exchange Commission is agnostic to companies’ environmental behavior as it finalizes rules that would require companies to report on their greenhouse gas emissions and make other climate disclosures, […]
SEC Mango Markets Crypto Suit Zeroes in on Governance Tokens
The SEC has set sights on its next crypto enforcement target—”governance token.” The agency’s Jan. 20 lawsuit accuses a trader of violating federal securities laws by manipulating the price of Mango Markets’ governance token, MNGO. Such tokens, which have become increasingly popular, give the holder the right to vote on changes to a blockchain organization […]
Crypto market could be thrown into flux by SEC legal case
While the lawsuits may seem rather routine to an outside observer, the SEC’s case, specifically, could have a profound and even crippling effect on a $1 trillion global crypto market. What makes the case remarkable is the fact that the crypto market is and remains outside of the SEC’s legal purview—the agency does not currently […]
DOJ, SEC Will Keep Ramping Up Enforcement Around Private Funds
When the SEC announced its 2022 examination priorities last March, regulation of private equity and hedge funds, or private funds, was listed at the very top. The SEC explained it intended to focus on those funds’ “compliance programs, fees and expenses, custody, fund audits, valuation, conflicts of interest, [and] disclosures of investment risks,” among other […]
Retail Investors Plan to Demonstrate at SEC Offices Nationwide
Retail investors will picket outside Securities and Exchange Commission offices across the country on Friday and Saturday, meme-stock internet personalities say. “Occupy SEC 2023” will be an “educational awareness rally,” said Mike Mynar, an event organizer and personality behind TheMarine Activist Channel on YouTube, which discusses and promotes retail investments in meme stocks. Rally attendees […]
How the Crypto Industry Can Prepare for Regulatory Scrutiny: Earn Respect from Regulators – CoinDesk
Their posture is not, “We’ve seen what’s happened with FTX and others and think it’s time we bring regulation to the space to make it safer.” Rather, it seems to be: “We don’t want to have any responsibility for this space that we think is disreputable and risky, and we certainly don’t want to be […]
Mango Markets to Resume Crypto Trading, SEC Be Damned
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Secure Your Seat Developers behind the shuttered decentralized crypto exchange Mango Markets say they’re pushing forward with a relaunch of the project – even as the U.S. Securities and Exchange Commission (SEC) alleges the project’s native token, MNGO, is […]
U.S. securities regulator probes investment advisers over crypto custody -sources | Reuters
The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three sources with knowledge of the inquiry told Reuters. The SEC has been questioning advisers’ efforts to follow the agency’s rules around custody of clients’ digital assets for several months, but the […]